Cash-strapped PSU, Air India may sell its land/building assets in the near future. It is reported that it has approached Civil Aviation Ministry for selling its four flats on Poddar Road, Mumbai and and 1.3 acre plot in Chennai. SBI is expected to purchase the flats in Mumbai and Income Tax Department to purchase the plot in Chennai. It is expected to get Rs. 200 crore from these sales.

The solace is that the buyers are also Government/PSU.